API Outsourcing and AOi Announce Strategic Partnership

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Collaborate on the Paperless Restaurant

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The first priority is web based accounts payables automation, with an objective of having paperless restaurants

API Outsourcing, Inc., a leading provider of Finance and Accounting Outsourcing services (FAO), has announced a strategic partnering agreement with the Accounting Outsource Inc. (AOi), a leading FAO provider for the restaurant industry. The focus on this partnership will be to drive even greater levels of back office automation into the restaurants, moving to an eventual "paperless restaurant," to improve operations and reduce costs.

API's automated Accounts Payable Services has been integrated with AOi's accounting services to provide restaurant accounting customers with a streamlined electronic invoice process. This change has resulted in reduced processing time, errors, labor and capital requirements and overall costs, while providing improved access to information maintained in a secure central document repository.

"API has the technology and solutions to enable multi-unit restaurants to fully move to electronic invoices and electronic documents," stated Gary Halleen, President and CEO of API Outsourcing. "Being paperless streamlines the restaurant back office and allows owners to focus on their core business."

"Our restaurant accounting customers have asked for full automation, to eliminate labor intensive, manual processes. The first priority is web based accounts payables automation, with an objective of having paperless restaurants," explained Rich Beil, President of AOi.

About API Outsourcing
API Outsourcing, Inc. is a leading onshore Finance and Accounting Outsourcing (FAO) provider of innovative state-of-the-art document management, accounts payable, accounts receivable and accounting services headquartered in St. Paul, MN. By transforming manual paper-dependent payables and billing processes through our imaging, bill delivery and workflow systems, customers minimize the labor intensive work associated with back-office processing and can focus on their core business. Outsourcing benefits include improved cash flow, reduced processing costs up to 60%, increased business intelligence and improved customer/vendor relationships. API currently processes over one hundred million transactions annually, delivers world-class quality, provides exceptional customer satisfaction, utilizes Six Sigma practices and performs a SAS 70 Type II Audit annually.

About Accounting Outsource, Inc.
Founded in 1995, AOi has been providing Income Tax, Accounting and Business Process Outsourcing services for more than a decade. Our teams of dedicated professionals are capable of meeting all of your needs for financial information and transactional processing. We specialize in Multi-Unit Franchises, Government Contractors and other Contract based service companies.

AOi is headquartered in Baltimore Maryland. All services are performed in our facility which is conveniently located just off route 95 north of Baltimore City. We do not utilize off-shore labor or resources of any nature in the performance of our services.

All trademarks are owned by their respective companies.

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